Eugene Cho

$700,000 in debt and never been so excited to hear from the IRS

eugene matrix

Last week, I shared a post about fear entitled, Do Not Be Afraid: Dream, Pursue, & Jump.  And one of my readers, Matt S., doctored one of my photos to give me Neo-like skills.

For the past year, my biggest fear has been this burden and conviction that I feel God has placed upon my soul to engage the fight against extreme global poverty through the birth of a new organization.

I have been kicking myself for going public with the vision about a year ago. There’s been hiccups, setbacks, criticisms, and plenty of self doubt but after a year since sharing our vision and starting a group on FacebookI’ll finally be sharing the name of our organization, current logo, and our vision and fundraising letter this Friday.

As usual, I’m both excited and scared and covet your prayers.

I came home yesterday having doubts if I was ready to share the vision but lo and behold, I received my confirmation in the mail.  We finally received our 501(c)(3) issuance from the Internal Revenue Services:

We are pleased to inform you that upon review of your application for tax exempt status we have determined that you are exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code.  Contributions to you are deductible…

Cool timing. [My wife’s response after learning we got the green light from the IRS: “Now, you can finally cut your hair!”]

I want to publicly thank our organization’s lawyer, Nat Taylor, from Ellis, Li & McKinstry.  He is a fabulous non-profit lawyer and if you’re looking for someone to help with your organization, I highly recommend him.  It’s a worthwhile financial investment – which I should have taken from the beginning.

In addition, our poverty Facebook group has now surpassed 700,000 people. Truthfully, I’ve never been so excited to be $700,000 in debt but if our vision catches on, we’re excited to be able to invest those funds and more in people and organizations who are doing some amazing work.

If you haven’t done so, subscribe to the blog RSS feed or check back on Friday to learn more about our vision and how we intend to do our part to fight extreme global poverty. Even if you don’t have any interest in making a donation to help make some initial investments in our organization, I’d love for you to read what we’re trying to do.

And now, the real hard labor begins…

Filed under: seattle, , ,

32 Responses

  1. djterasaki says:

    congratulations PE! very good news!

  2. Andrea says:

    This is wonderful news!!

  3. gracex2 says:

    wonderful wonderful news, pastor Eugene! God bless you and Minhee for your faithfulness and obedience. This is very exciting news!

  4. teresa says:

    Too cool! I know you’re gonna make a difference!

  5. gar says:

    congrats! what a blessing.

  6. Rebecca says:

    Yay! Congratulations! Our God is so faithful.

    And yes, finally you can cut your hair! We are all with Minhee on that one!

  7. minna says:

    yoopee!!!!
    sooooo excited for the next step in this journey of yours! and i say …. keep the hair. it ain’t so bad!

  8. jHong says:

    me and samohnim are on the same page! that was my first thought too!!! can i be the one to schedule an appointment? or should i just bring some shears and clippers into the office today??? 😉

  9. Daniel Azuma says:

    Congratulations Pastor E! Wonderful news!

  10. la v says:

    congrats p.e.!! praise God!

  11. amen! that’s great man; way to persevere. “God is not done with us” is what one friend recently said 😉 sounds like your own words are a fitting encouragement for your endeavor.

    and let me know if I can help in any way.

  12. eunice =) says:

    this requires a..

    WOOOOOOOOOOOOT!!!!

  13. Jenny says:

    Eugene, this is such fantastic news! God’s timing is perfect! God bless you!

  14. Bo says:

    Congratulations! Way to persevere.

    I’m pretty good at cutting AZ’s hair. I just stick a no. 2 on the buzzer and just go at it. I’d be happy to do yours for free. I could even get you back to your wedding look!

  15. Maxine says:

    Congratulations Eugene~! When we follow what the Lord puts on our hearts, how can we fail? Inspires me to pursue what the Lord is burdening my heart with…

  16. Darwin says:

    Rock On. Now the party can really get started 🙂

  17. Pam says:

    Congratulations PE and Minhee! Can’t wait to see the haircut 🙂

  18. eugenecho says:

    @everyone:

    minhee didn’t read the fine print. i said i’d cut the hair once we “officially launched” the org. 🙂

  19. leochen says:

    re: the haircut. I can refer you to a good barber… me! and I know only one style…

  20. eugene- supporting that massive bush of hair in back must be making your neck muscles stronger. seems like a backwards way to go about strength training, but I do appreciate your creativity.

  21. That is great news! It’s so great to know everything is official. I am really looking forward to being a part of this movement and following along on this journey…

  22. daniel so says:

    Eugene – Congrats! What a journey it’s already been. Can’t wait to see the impact you’ll make.

    For the record, I’m putting my vote in for a man-perm. With the length of your hair, it’ll be a pretty massive blowout 🙂

  23. johnlunt says:

    Congratulations. I’m following on facebook. I look forward to more on this. I’ve worked with the homeless and others. I think an initiative like this takes a lot of faith and I’m sure God will honor it.

    http://www.squidoo.com/gospelpoverty

  24. Mario says:

    Congratulations.

  25. Tyler says:

    looking forward to friday.

  26. Liz VerHage says:

    congrats Eugene! I am excited to see where it heads and totally get the balancing act that faith, fear, and following the pursuit of justice into the dark sometimes requires. I am praying for your work! 🙂

  27. Joseph Lee says:

    well looks like its time get some work done eh?

  28. The Chiz says:

    Let’s make Poverty AND Mr. Smith History!

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One Day’s Wages

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Window seat. For the win. As leaders, we must not see ministry and family as competing commitments.  We must not sacrifice our marriage and kids for the sake of "ministry." How can we? Loving our families IS ministry & good leadership.

And on a side note, we took this goofy photo for Mother's Day last Sunday at @seattlequest. I was shocked! What in the world happened to our kids? Our 13 year old son blocked four of my shots on the basketball court yesterday. He's since been grounded... I fear that we ask God to move mountains, forgetting that God also wants to move us.

In fact, it's possible that we are that mountain. Time flies. The eldest is wrapping up her 1st year in college and the college tours have begun for the 2nd child. The youngest enters high school in the Fall. Can't say enough about how proud Minhee and I are of the kids - not just of their accomplishments but the people they are and are becoming.

But...man...we can't wait to party it up when we're emptynesters. Party at our house. It's going to be epic. Humbled. Grateful. Mindful of God's grace and faithfulness in my life. It's all grace... It's an unexpected honor to be invited back - even with some mini-drama - to @princetonseminary to receive the 2017 Distinguished Alumni Award - exactly 25 years after starting my journey there as a student in 1992. Wow.

Princeton isn't necessarily for everyone. And to say that I loved everything about my experience would be misleading but it was very formative. Ir challenged me to examine why I believed in what I believed. It reminded me that God could handle my questions. It prepared me for a post-Christian context where I am not entitled to be heard but I had to earn the right to be heard, and of course, it taught me that all is good with a Philly cheese steak at Hoagie Haven.

No one is an island to themselves and I am certainly an example of that. Many people - women and men, young and old, and of many backgrounds - prayed, encouraged, mentored, and loved me along the way. Grateful for my professors at seminary, my many classmates, and the numerous fellow staff and co-laborers I've had the privilege of serving Christ with past and present. And of course, I'm forever inspired by my parents, my children, and my wife, Minhee. Thank you for your faith, hope, and love...and oh, for your patience. Only your family will know and see both the best and worst of you. They've seen my worst...and keep on believing in me.

Thank you again, PTS and President Barnes, for this honor. Then, today, and tomorrow...by God's grace, just striving to be faithful to my Lord and Savior...to preach and live out the convictions of the whole Gospel. Amen. So humbled and grateful to be with @catalystleader in Cincinnati to encourage leaders from all around the country about the invitation to Uncommon Fellowship.

Preached from John 4. We can talk, preach, sing, philsophize, liturgize, and spit rhymes about Samaria...but we still have to talk through Samaria.

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